investment of fha reserve funds

investment of fha reserve funds Sec. 117. (a) Section 206 of the National Housing Act is amended by inserting before the period at the end of the first sentence the following: “or any agency of the United States: Provided, That such moneys shall to the maximum extent feasible be invested in such bonds or other obligations the proceeds of which will be used to directly support the residential mortgage, market”. (b) Section 213 (o) of such Act is amended by inserting before the period at the end of the second sentence the following: “or any agency of the United States: Provided, That such moneys shall to the maximum extent feasible be invested in such bonds or other obligations the proceeds of which will be used to directly support the residential mortgage market”. (c) Section 236(g) of such Act is amended by inserting before the period at the end of the third sentence the following: “or any agency of the United States: Provided, That such moneys shall to the maximum extent feasible be invested in such bonds or other obligations the proceeds of which will be used to directly support the residential mortgage market”. 84 Stat. 1775 (d) Section 238(b) of such Act is amended by inserting before the period at the end of the sixth sentence the following: “or any agency of the United States: Provided, That such moneys shall to the maximum extent feasible be invested in such bonds or other obligations the proceeds of which will be used to directly support the residential mortgage market”. (e) Section 519(c) of such Act is amended by inserting before the period at the end of the first sentence the following: “or any agency of the United States: Provided, That such moneys shall to the maximum extent feasible be invested in such bonds or other obligations the proceeds of which will be used to directly support the residential mortgage market”.